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Healthcare Services: 2Q Earnings Snapshot

July 23, 2019

BENSALEM, Pa. (AP) _ Healthcare Services Group Inc. (HCSG) on Tuesday reported second-quarter earnings of $18.2 million.

On a per-share basis, the Bensalem, Pennsylvania-based company said it had profit of 24 cents.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The provider of housekeeping, laundry and dietary services to health care facilities posted revenue of $462.1 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $477.1 million.

Healthcare Services shares have decreased 25% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $30.08, a fall of 25% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HCSG at https://www.zacks.com/ap/HCSG

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